Best of the Brokers for 10 February 2014
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BEAZLEY
Canaccord Genuity keeps its “buy” rating and raises its target from 265p to 290p following an upbeat set of results from the insurance group last week. The broker has raised its earnings targets and thinks that if Beazley hits them, investors will be in line for another special dividend.
SHIRE
Jefferies tells investors to “buy” the pharma group despite a setback for its depression treatment Vyvanse. The broker, which has a target of 3,400p, reckons Shire has a healthy enough drugs pipeline to drive growth this year.
BARCLAYS
Numis has a “hold” rating and 274p target ahead of the bank’s results tomorrow. The broker predicts a seven per cent fall in investment banking revenues and expects the new chief financial officer to give an update on gross leverage levels.